San Francisco Looks to Reverse Downturn With New Housing

Posted on AllSides December 5th, 2023
From The Center
PHILIP PACHECO/AFP via Getty Images

San Francisco, a city where space is at such a premium that a sleeping pod could even run you $700 a month, may be getting an infusion of residential real estate, The Wall Street Journal reported.

San Francisco has been criticized for its expensive cost of living, which is 76% higher than the national average. During the pandemic, the city was considered by some to be in a “doom loop,” meaning it was hit by one negative event after another, as major companies like Meta attempted to abandon offices. 

Some 65,000 residents left San Francisco between 2020 and...

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